Qatar Airways, Aga Khan Decide to Liquidate Troubled Air Italy - Bloomberg:
Air Italy investors Qatar Airways and the Aga Khan decided to put the struggling carrier into liquidation, citing “persistent and structural conditions” in the market.
Shareholders of the two-year-old airline acted unanimously and the Italian carrier will guarantee flights scheduled through Feb. 25 by other operators, Air Italy said Tuesday in a statement.
Qatar Airways said separately it was prepared “to do its part to support the turnaround and the growth of the airline,” but that would have been possible only with the commitment of all shareholders.
Qatar Airways in India, which counts the airline among its assets, had 46,684 employees at the end of its last reported financial year in March 2019.
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